Riverside Apartments Listing Details & Market Data

161-261 Cohasset Lane, Chico, CA 95973

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 31,000 SF
  • Units 44
  • Lot Size 2.83 Acre
  • Property Tenancy Single Tenant
  • Year Built 1961
  • Year Renovated 1961
  • Date Updated Feb 26, 2024
Value Add Property in a central location with upside.Welcome to Riverside Apartments. This multifamily property represents a dynamic investment opportunity in a market hungry for quality housing options. With its existing stability, coupled with the potential for enhanced returns, this offering stands as a testament to the power of strategic value-add investments. The discerning investor who seizes this chance will undoubtedly position themselves for substantial financial growth and portfolio diversification. Don't miss the chance to acquire a rare gem that promises immediate stability and substantial future gains. Contact us today to schedule a private showing and explore the boundless potential that awaits with this remarkable 44-unit multifamily property.

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Attachments

Highlights

  • 100% Occupancy: This property shines as a beacon of stability with every unit currently occupied, exemplifying its desirability and strong community appeal.
  • Untapped Upside: Unleash the full potential of this property by implementing a strategic value-add approach. With thoughtful renovations and modern upgrades, you can maximize rental income and elevate its value to new heights.
  • Strategic Location: Situated in a sought-after area, this property benefits from its proximity to essential amenities, public transportation, and major thoroughfares, enhancing its tenant allure and investment viability.
  • Diverse Unit Mix: Offering a range of unit types, from cozy studios to spacious two-bedroom layouts, this property caters to a broad demographic, ensuring consistent demand in any market condition.
  • Proven Revenue: With its impressive history of reliable rental income, this multifamily gem provides a strong foundation for immediate revenue generation, while promising even greater returns after value-enhancing initiatives.
  • Limited Supply: Opportunities of this caliber are exceedingly rare. Discerning investors will recognize the distinct advantage of securing a property that aligns with their portfolio growth objectives.

Contacts

broker

Brett Swarts

eXp Commercial

(916) 886-2986

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (58)

  • Bike Score ®

    Very Bikeable (77)
Powered by Walk Score ®
  • City Chico, CA
  • Neighborhood Riverside
  • Zip Code 95973

Points of Interest

  • Chico

    1.86 miles

  • Thornton's Chevron and Food Market

    0.73 miles

  • Speedway

    0.79 miles

  • Safeway Fuel Station

    1.31 miles

  • Shell

    1.32 miles

  • Safeway Fuel Station

    1.75 miles

  • 76

    1.93 miles

  • 76

    2.03 miles

  • Costco Gasoline

    3.08 miles

  • Tesla Supercharger

    3.12 miles

  • Speedway

    3.94 miles

  • Municipal Parking Lot 5

    1.43 miles

  • Municipal Parking Lot 2

    1.49 miles

  • Municipal Parking Lot 1.

    1.51 miles

  • CSU, Chico Student/Faculty Lot

    1.63 miles

  • Municipal Building Lot

    1.63 miles

  • Chico Park And Ride

    2.04 miles

  • Chico Mall Parking

    2.94 miles

  • Business Lane Parking

    3.02 miles

  • The Village Center

    3.08 miles

  • Lowe's Parking

    3.71 miles

  • Italian Cottage

    0.16 miles

  • Big Al's

    0.26 miles

  • Sin of Cortez

    0.27 miles

  • Taco Bell

    0.46 miles

  • Kalico Kitchen

    0.49 miles

  • Donut Shop

    0.55 miles

  • Cozy Diner

    0.59 miles

  • Carl's Jr.

    0.63 miles

  • McDonald's

    0.69 miles

  • Jack in the Box

    0.71 miles

  • Fairview High School

    0.73 miles

  • Citrus Avenue Elementary School

    0.80 miles

  • Bidwell Junior High School

    0.97 miles

  • Hooker Oak Elementary School

    0.98 miles

  • John A. McManus Elementary School

    1.10 miles

  • Chico Senior High School

    1.13 miles

  • Neal Dow Elementary School

    1.14 miles

  • Chico Junior High School

    1.29 miles

  • California State University, Chico

    1.38 miles

  • Emma Wilson Elementary School

    1.42 miles

Contact Listing Broker

broker

Brett Swarts

eXp Commercial

(916) 886-2986